Equity benchmark indices fell sharply on Tuesday, with the Sensex tumbling nearly 844 points, in line with weak global market trends and foreign fund outflows. The 30-share BSE benchmark slumped 843.79 points or 1.46 per cent to settle at 57,147.32. During the day, it tanked 940.71 points or 1.62 per cent to 57,050.40. The broader [...]
The shares of Radhakishan Damani-owned India Cements Ltd. (ICL) fell more than 5.35% in the early hours of trading on Tuesday. As of 11:40 IST, the stock of the cement producer was trading at Rs. 260.5 per share. The decline in stock comes on the back of the sale of a subsidiary of India Cements [...]
Shares of Tata Consultancy Services (TCS) on Tuesday fell by more than 1 per cent in morning trade, a day after announcing its September quarter earnings. The results were announced post market hours on Monday. The stock of the IT services exporter declined 1.15 per cent to Rs 3,085.25 on the BSE. At the NSE, [...]
Snapping a two-day winning streak, domestic equity markets ended lower on Monday. Most sectoral indices were in the red, except for information technology. Analysts believe that Q2 results of IT giants, global trends, the movement of the rupee and macro data will be major triggers for this week. "This week, participants will be eyeing important [...]
The shares of Atul Auto Ltd, a Vijay Kedia portfolio stock, shot up 14.05% to reach an intraday high of ₹ 244.40. This happened after the company’s board approved a preferential issue of ₹ 115 crores worth of warrants to promoters and non-promoters of the company, including ace investor Vijay Kishanlal Kedia. Atul auto is [...]
The shares of Global Education Ltd. hit its upper circuit of 4.99% to touch Rs. 403.80 during the early hours of trading on Monday. Global Education is a small-cap educational service provider and consultancy firm based out of Mumbai with a market value of Rs. 411 crores. The company’s shares are expected to trade ex-split [...]
Debt is an important parameter that we check while analysing a company. It is an important source from which companies raise capital for their business apart from equity. Having an ideal amount of debt can help to reduce the cost of capital of a company, however, too much of it can pose threats to its [...]
The revenue growth of Indian agrochemical stocks is expected to remain weak for the September quarter. This is primarily because the fertilizer companies had to resort to price increases to counter cost inflation. This along with weaker rain distribution impacted demand resulting in subdued volume growth. However, analysts remain bullish on the sector. Brokerage Nirmal [...]
All brokerages must transfer unused funds back to the customer's bank account as part of the new account settlement process, starting today. Nithin Kamath, founder and CEO at Zerodha estimated that these funds will be more than ₹ 25,000 crores across the country. Capital markets regulator, Securities and Exchange Board of India (SEBI) has issued [...]
The shares of Godrej Consumer Products Ltd. (GCPL) slipped 5% during the early hours of trading on Thursday as the company updated on its weak September quarter results. As of 12:00 noon, the stock was trading at ₹ 851.50, down 5.03% for the day. The FMCG stock has lost over 16% in market value in [...]
